South Korean stocks extend losses after Samsung bribery ruling

** South Korean shares extended losses on Thursday as Samsung Group affiliates fell following a court ruling over the group heir’s bribery case. The Korean won weakened, while the benchmark bond yield was unchanged.

** Shares of a majority of Samsung Group affiliates declined after South Korea’s top court overturned part of an appeals court ruling in the bribery case of the group’s de facto chief Jay Y. Lee.

** The broader KOSPI, which has been pressured by global growth worries, extended its losses after the ruling, said Park Sang-hyun, an analyst with HI Investment & Securities.

** The Seoul stock market’s main KOSPI ended down 7.68 points or 0.40% at 1,933.41 points.

** Foreigners were net sellers of 117.1 billion won ($96.56 million) worth of shares on the main board.

** The won was quoted at 1,216.4 per dollar on the onshore settlement platform, 0.21% lower than its previous close at 1,213.9.

** In offshore trading, the won was quoted at 1,216.5 per U.S. dollar, down 0.3% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,215.3 per dollar.